Page 5 - Goods And Service Tax

SME Chatroom: Import of Covid-19 vaccine will attract Integrated GST

The notification no.28/2021-Cus dated April 24, 2021 does not exempt IGST leviable on medical goods

GST compensation shortfall released to states touches Rs 1 trillion

The ministry on Friday released the 17th weekly instalment of Rs 5,000 crore to 23 states and 3 Union Territories (Delhi, Jammu & Kashmir & Puducherry)

States' unhappiness index on the rise

Centre's proposals on settling states' demand for GST compensation can throw up new challenges

A social contract for economic recovery

The case for cooperation on GST

The GST is at a crossroads, it needs a political fix, not a legal one

Without doubt, negotiation on GST compensation will be contentious. Time for Centre and states to show true leadership and salvage it

Best of BS Opinion: A global perspective on innovation, GST row & more

Here's a selection of Business Standard opinion pieces for the day

GST compensation row: State govts ask Centre to borrow and pay

The finance ministry on Saturday officially communicated the finer details of the two options to states to make up for the compensation shortfall by way of borrowings

GST Council meet likely to be stormy as Oppn states press for compensation

The options being explored are market borrowing, raising cess rate or increasing the number of items for levy of compensation cess.

Govt notifies interest on delayed GST on net basis from September 1

This, however, goes against the decision by the GST Council in the March meeting

Call GST Council meet

Problem of states' dues needs co-operative settlement

Alcohol-based hand sanitisers to attract 18% GST, not exempted: AAR

The AAR, in its ruling, said since hand sanitisers manufactured by the applicant are of the category of 'alcohol-based hand sanitisers', a 18 per cent GST would be applicable

Covid-19 impact: Direct tax refunds down 16% to Rs 64,428 crore in Q1

Corporation tax refunds stood at Rs 40,482 crore, while income tax refunds stood at Rs 23,828 crore in Q1FY21.

Tranformational tax reform

GST has achieved a lot in three years, but there is an unfinished agenda

Making GST work

Only a simpler tax structure will increase compliance

Telcos seek refund of unutilised ITC, cut in spectrum charges, licence fee

In a letter to Finance Minister Nirmala Sitharaman, the Cellular Operators' Association of India (COAI) also made a plea for refund of the unutilised input tax credit immediately

Bin the Chinese food debate

Food has the potential to draw out the knives for nationalist, regional, nutritional or mere family hospitality reasons

Revenue and compensation on table at GST Council meeting on Friday

The government has rung up just about Rs 95,000 crore as GST in April and May together, and that is less than half compared with the collection in the corresponding months last year.

Vocal for local initiative is not xenophobic, says BJP's Sanju Verma

Big bang reforms have been the norm under Modi government, writes Sanju Verma

'No doubt' on GDP contraction in Q1: CEA Krishnamurthy Subramanian

Subramanian also said that the Centre had gone beyond its means to support states, was keeping its options open regarding deficit monetisation, and that the new privatisation policy would be out soon

Best of BS Opinion: Covid-19 impact on jobs, preserving the IBC, and more

From what the upcoming GST Council meet should focus on to how Trump's response to the protests helped it spread beyond its borders, here's a selection of Business Standard Opinion pieces for the day.